Anti-Money Laundering - How to Approach Risk in the EU

Introduction

Anti-money laundering is a crucial and ever-changing area of regulation, so it is essential that you keep up to date with the latest directives, if you are to remain compliant.

The 6th Anti Money Laundering Directive (6AMLD), implemented by all EU member states in June 2021, supplements 5AMLD and 4AMLD and is intended to protect the EU's financial system from money laundering and terrorist financing threats.

This virtual classroom seminar will explore the overarching AML regulation which applies to all EU member states and will provide you with practical guidance on how to approach AML compliance at your organisation.

Delivered by AML expert and international trainer, Mandy Hargun, this session will focus on business risk assessments, which dictate how the flow for how customer, product and jurisdictional risk is assessed and managed.

Consideration will also be given to the following:

• FATF - international level; specific recommendations on business risk assessment, and customer and matter risk
• Wolfsberg and guidance on Risk Based Approach
• Scope of Supranational Risk Assessment and National Risk Assessments
• What is a risk-based approach?
• How to approach a business risk assessment
• How to assess customer risk
• Customer risk assessment
• Customer due diligence
• What are PEPs and how to identify them?
• Enhanced due diligence
• How to assess product and jurisdictional risk
• EU proposals to create a new agency to crack down on money laundering & new transfer rules for transfer or crypto-assets

Aimed at compliance officers, AML officers MLROs and KYC analysts across the EU, this session will also be of interest to those in the UK who would like a greater understanding of the EU’s approach to anti-money laundering.

What You Will Learn

This live and interactive session will cover the following:

• How to approach a business risk assessment
• How to assess customer, product and jurisdictional risk
• How to identify red flags

Quick Quiz - Test Your Knowledge: Money Laundering

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.